POAMCL News Update 06/05/2009

Previous Index

6,989.94

Current Index

6,878.14

Change %

(1.60)%

YTD (CY09)

17.30%

YTD (FY09)

(44.00)%

Close

Percentage

BSE-30

15,008.68

0.93%

HANGSENG

18,502.77

(0.40)%

NIKKEI 255

9,668.96

(0.75)%

FTSE

4,386.94

0.08%

DJI

8,750.24

0.86%

SSEC

2,767.24

(0.41)%

NASDAQ

1,850.02

1.32%

03-06-2009

8.57

June-09

6.02

YTD

(579.45)

Tbill Cut-off

1 year

13.24%

6 month

13.14%

KIBOR (3 months)

13.69%

KIBOR (6 months)

13.73%

PIB (10 years)

12.63%

Rs/US

81.00

Rs/UK

134.26

Rs/EURO

115.81

Rs/OMAN RIYAL

210.78

Oil

$69.27/barrel

Oil Change in %

0.67%

Gold

$980.90/ounce

Gold Change in %

(0.14)%

CPI Gen. Apr 09(YOY)

17.19%

CPI Gen. (Jul-Apr 09)

22.35%

NFNE Core INFL Apr 09 (YOY)

17.70%

NFNE Core INFL (Jul-Apr 09)

17.80%

US$ Reserves (Billion)

11.52

GDP Growth FY09E

4.2%

Per Capita Income

$1,085

Population

165.17mn

Trade Deficit (Jul-Apr 09)

$(14.16)bn

Curr. A/C (Jul-Apr 09)

$(8.55)bn

Remittances (Jul-Apr 09)

$5.36bn

Foreign Investment (Jul-Apr 09)

$2.21bn

All Scheduled Banks Deposit Base (May 23, 08)

Rs.3,991bn

as of June 04, 2009

Offer

Redemption

POBOP

50.8960/-

50.3870/-

Daily Return

8.61%

POASF

61.41/-

59.87/-

Daily Return

(36.54)%

POAIF

56.11/-

54.71/-

Daily Return

(26.67)%

POAIIF

55.6442/-

55.0878/-

Daily Return

3.37%

POAF

10.8793/-

Daily Return

13.11%

* Daily Returns are calculated as per MUFAP guidelines

AMC Ratings

AM3+

POBOPAPF
Fund Stablility Rating

A(f)

POAF Fund Rating

AA-

NEC approves Rs 621 billion allocations for PSDP
The National Economic Council (NEC) on Thursday approved Rs 621 billion allocations for Public Sector Development Programme (PSDP) 2009-10 having Rs 421 billion federal and Rs 200 billion provincial component. Prime Minister Syed Yousaf Raza Gilani chaired the meeting that was attended by the chief ministers of provinces, AJK Prime Minister, Chief Secretary Northern Areas (NAs), federal ministers and secretaries more... (BR)

LSM growth negative for 10 months in a row
Weakness in domestic demand, power shortages and deterioration in law & order situation have shrunk Large Scale Manufacturing (LSM) growth, said SBP's Third Quarterly Report. The report pointed out that growth in LSM has been negative for the 10th consecutive month in March 2009, the longest period in which production continued to shrink more... (BR)

Cut in development spending unsustainable, undesirable
The State Bank of Pakistan (SBP), terming reduction in development spendings as unsustainable and undesirable, has stressed the need to allocate more funds for socio-economic uplift of the masses to address the root-causes of militancy more... (BR)

Centre grants special incentives to KESC Federal Govt's Special Committee
PSO extends payment deadline to 90 days
The Federal Government's Special Committee on KESC has granted some incentives to the Karachi Electric Supply Corporation (KESC) in a meeting held recently in Islamabad more... (FD)

Government seeks help to revive closed 135 megawatts Sepcol
Ministry of Finance (MoF) is reportedly using its influence to revive the closed 135 MW Southern Electric Power Company Limited (Sepcol), which was shut down due to financial crisis and dispute with Wapda, official sources told Business Recorder more...

Brokers agree on features of new leverage product
Finally, the parameters of a new product were identified to counter the demerits of the scrapped ‘badla’ system more... (D)

Disclaimer:
This news update is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This news update or any part of it should not be reproduced, published or distributed without prior permission